With the power of focus, you can see constellations where others only see stars

Motilal Oswal MOSt Focused 25 Fund

Presenting

(An open ended Equity Scheme)

Product Labeling

Note: Risk is represented as:

(BLUE) investors

understand that their

principal will be at low risk

(YELLOW) investors

understand that their principal

will be at medium risk

(BROWN) investors

understand that their

principal will be at high risk

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Name of the scheme This product is suitable for investors who are seeking*

Motilal Oswal MOSt Focused 25 Fund (An open ended equity scheme)

Return by investing in upto 25 companies with long term Ÿsustainable competitive advantage and growth potential

Investment in Equity and equity related instruments subject to Ÿoverall limit of 25 companies

High risk (BROWN)Ÿ

2

3

At Mo�lal Oswal Asset Management Company (MOAMC), our investment philosophy and inves�ng style is centered on 'Buy Right: Sit Tight‘ principal.

Buy Right Stock Characteristics

‘Q’uality denotes quality of the business and management

‘G’rowth denotes growth in earnings and sustained RoE

‘L’ongevity denotes longevity of the competitive advantage or economic moat of the business

‘P’rice denotes our approach of buying a good business for a fair price rather than buying a fair business for a good price

QGLP

Sit Tight Approach

Buy and Hold: We are strictly buy and hold investors and believe that picking the right business needs skill and holding onto these businesses to enable our investors to benefit from the entire growth cycle needs even more skill.

Focus: Our portfolios are high conviction portfolios with 20 to 25 stocks being our ideal n u m b e r. W e b e l i e v e i n a d e q u a t e diversification but over-diversification results in diluting returns for our investors and adding market risk

Why Invest in Equities?

Key Objectives of Investing

5

Equities significantly enhance purchasing power

213

1528

103

-

250

500

750

1,000

1,250

1,500

1,750

Mar

-79

Dec

-79

Sep

-80

Jun

-81

Mar

-82

Dec

-82

Sep

-83

Jun

-84

Mar

-85

Dec

-85

Sep

-86

Jun

-87

Mar

-88

Dec

-88

Sep

-89

Jun

-90

Mar

-91

Dec

-91

Sep

-92

Jun

-93

Mar

-94

Dec

-94

Sep

-95

Jun

-96

Mar

-97

Dec

-97

Sep

-98

Jun

-99

Mar

-00

Dec

-00

Sep

-01

Jun

-02

Mar

-03

Dec

-03

Sep

-04

Jun

-05

Mar

-06

Dec

-06

Sep

-07

Jun

-08

Mar

-09

Dec

-09

Sep

-10

Jun

-11

Mar

-12

Dec

-12

Sep

-13

Jun

-14

Mar

-15

Pu

rch

asin

g P

ow

er

If you had invested Rs 100 .....

Source: Bloomberg, MOAMC internal analysis, Data as on 30th April, 2015Note: The information herein is used for comparison purpose and is illustrative and is not sufficient and shouldn’t be used for the development or implementation of an investment strategy. It should not be construed as investment advice to any party. Past performance may or may not be sustained in future.

Key Objectives of Investing

6

Source: Bloomberg, MOAMC internal analysis, Data as on 30th April, 2015Note: The information herein is used for comparison purpose and is illustrative and is not sufficient and shouldn’t be used for the development or implementation of an investment strategy. It should not be construed as investment advice to any party. Past performance may or may not be sustained in future.

`3,760

`1,829

`27,011

-

2,500

5,000

7,500

10,000

12,500

15,000

17,500

20,000

22,500

25,000

27,500

30,000

32,500

Mar

-79

Dec

-79

Sep

-80

Jun

-81

Mar

-82

Dec

-82

Sep

-83

Jun

-84

Mar

-85

Dec

-85

Sep

-86

Jun

-87

Mar

-88

Dec

-88

Sep

-89

Jun

-90

Mar

-91

Dec

-91

Sep

-92

Jun

-93

Mar

-94

Dec

-94

Sep

-95

Jun

-96

Mar

-97

Dec

-97

Sep

-98

Jun

-99

Mar

-00

Dec

-00

Sep

-01

Jun

-02

Mar

-03

Dec

-03

Sep

-04

Jun

-05

Mar

-06

Dec

-06

Sep

-07

Jun

-08

Mar

-09

Dec

-09

Sep

-10

Jun

-11

Mar

-12

Dec

-12

Sep

-13

Jun

-14

Mar

-15

No

min

al V

alu

e

If you had invested Rs 100 .....

Key Objective of Investing

Source: Bloomberg, MOAMC internal analysis, Data as on 30th April, 2015Note: The information herein is used for comparison purpose and is illustrative and is not sufficient and shouldn’t be used for the development or implementation of an investment strategy. It should not be construed as investment advice to any party. Past performance may or may not be sustained in future.

7

Over FY79-14 inflation on an average has been 8.4%,eroding purchasing power of ` by 94%

RupeeInfla�on erodes purchasing power of money

20

40

60

80

100

120

Mar

-79

Dec

-79

Oct

-80

Jul-

81

Ap

r-8

2

Jan

-83

Oct

-83

Jul-

84

Ap

r-8

5

Jan

-86

Oct

-86

Jul-

87

Ap

r-8

8

Jan

-89

Oct

-89

Jul-

90

Ap

r-9

1

Jan

-92

Oct

-92

Jul-

93

Ap

r-9

4

Jan

-95

Oct

-95

Jul-

96

Ap

r-9

7

Jan

-98

Oct

-98

Jul-

99

Ap

r-0

0

Jan

-01

Oct

-01

Jul-

02

Ap

r-0

3

Jan

-04

Oct

-04

Jul-

05

Ap

r-0

6

Jan

-07

Oct

-07

Jul-

08

Ap

r-0

9

Jan

-10

Oct

-10

Jul-

11

Ap

r-1

2

Jan

-13

Oct

-13

Jul-

14

Ap

r-1

5

CPI =Consumer Price Index 5.66

Motilal OswalMOSt Focused 25 Fund

Summary

Key objective of investing is to increase purchasing power. In the long run equities enhance purchasing power in portfolios

9

The investment objective of the Scheme is to achieve long term capital appreciation by investing in upto 25 companies with long term sustainable competitive advantage and growth potential. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

MOSt Focused 25 fund would endeavor to construct such a portfolio that the product is best suited for medium and long term investment.

High conviction ideas with improved risk-adjusted return characteristics.

'360 degree view' of company to identify competitive advantages.

Source : MOAMC internal analysis, Data as on ; Period - 1st January 2001 to 30th April, 2015 30th April, 2015Note :The information herein is used for comparison purpose and is illustrative and is not sufficient and shouldn't be used for the development or implementation of an investment strategy. It should not be construed as investment advice to any party. Past performance may or may not be sustained in future.

Why “Buy and Hold”

BUY RIGHT : SIT TIGHT 10

Improved Quality companies held for longer duration

Ni�y

13.99%

10.31%9.53%

11.82%

19.64%

18.35%

5%

8%

11%

14%

17%

20%

23%

Index < 3 yrs < 5 Yrs < 7 yrs 10 - 18 yrs Index Always

Focus on seeking optimal diversification

Source: An Introduction to Risk and Return Concepts and Evidence by Franco Modigliani and Gerald A. Pogue

Portfolio Standard Deviation v/s Number of Securities

Po

rtfo

lio

Sta

nd

ard

Devia

tio

n

Number of Securities in Portfolio

10%

0%

20%

30%

40%40%

50%

60%

0 5 10 15 2020 25 3530 40

Diversifiable Risk

Non-DiversifiableSystemic Risk

11

Investment Process

A businesswe

understand

Favourablelong termeconomics

Able andtrustworthy

management

Margin ofSafety

12

Investment Horizon

Medium to Long Term

For Whom

Investors who like to invest with a Long-term wealth creation view.

Allocations

Minimum 65%: Top 100 listed companies by Market capitalization Maximum 25%: Next 50 listed companies by Market capitalization Maximum 10% Cash and equivalents Debt, Money Market Instruments, G-Sec, Bonds, Cash and cash equivalents, etc.

Number of Stocks

Maximum 25 stocks

Scrip Allocation

Maximum 10% of NAV in a single stock

13

Portfolio Construct

Fund Details

14

Type of Scheme: An open ended equity scheme

Investment Objective:

The investment objective of the Scheme is to achieve long term capital appreciation by investing in up to 25 companies with long term sustainable competitive advantage and growth potential. However, there can be no guarantee that the investment objective of the scheme would be achieved

Benchmark: CNX Nifty Index

Entry/Exit Load: Nil

Plans: Regular Plan and Direct Plan

Minimum ApplicationAmount:

Rs. 5,000/- and in multiples of Re. 1/- thereafter.

Additional ApplicationAmount:

Rs. 1,000/- and in multiples of Re. 1/- thereafter.

Systematic InvestmentPlan (SIP):

Minimum RedemptionAmount:

Minimum installment amount - Rs. 1,000/-(weekly / fortnightly/monthly) and Rs. 2,000/- (quarterly) and in multiples of Re. 1/- thereafter with minimum of 6 installments for weekly /fortnightly/monthly frequency and minimum 3 installments for quarterly frequency. The dates for Auto Debit Facility shall be on the 1st, 7th,14th, 21st or 28th of every month.

Rs. 1,000/- and in multiples of Re. 1/- thereafter or total investment amount, whichever is lower

Options (Under each plan): Dividend (Payout and Reinvestment) and Growth

Sector Allocation

15

Industry classification as recommended by AMFI

Banks, Auto and Consumer Non Durablesare the top 3 sector exposures

Portfolio is well represented across a wide range of sectors

Data as on 30th April, 2015

0.63%

3.79%

3.87%

4.01%

5.87%

5.91%

8.08%

8.57%

9.18%

9.50%

20.22%

20.37%

Cash & Equivalent

Industrial Products

Chemicals

Transporta�on

Pharmaceu�cals

Construc�on Project

Petroleum Products

So�ware

Finance

Consumer Non Durables

Auto

Banks

Portfolio Holdings

16

TOP 10 Holdings

Name of Instrument % to Net Assets

Eicher Motors

Maruti Suzuki India

Kotak Mahindra Bank

HDFC Bank

State Bank of India

Larsen & Toubro

Sun Pharmaceuticals Industries

Britannia Industries

Hindustan Petroleum Corporation

Tech Mahindra

8.05

7.30

7.02

6.99

6.36

5.91

5.87

5.73

5.22

5.12

TOP 5 Stocks % to NAV=35.71%

TOP 10 Stocks % to NAV =63.55%

Currently we Hold 19 Stocks

Data as on 30th April, 2015

Taher Badshah is the Fund Manager of this Scheme and is responsible for managing investments in equity and equity related instruments of the Scheme. Mr. Badshah is a B.E. in Electronics from the University of Mumbai and has followed it up with a Masters in Management Studies (Finance) from the SP Jain Institute of Management, Mumbai.

Taher Badshah brings with him 19 years of rich experience in fund management and investment research. He started his career as an automobiles analyst with Motilal Oswal and has been well-regarded in the industry for his work in this sector. He has also worked in different capacities with organizations like Kotak Investment Advisors, Alliance Capital Asset Management Pvt. Ltd., Kotak Institutional Equities Ltd., and Prudential ICICI Asset Management Company Ltd. He has spent the first 10 years of his career doing sell-side equity research and the past 9 years in active fund management. He is also Fund Manager of Motilal Oswal MOSt Focused Midcap 30 Fund

Taher BadshahSenior Vice-President &

Head of Equities

17

Fund Manager

Mr. Abhiroop Mukherjee (For Debt Component)

He is B.com (H), MBA with 4 years of experience in Trading Fixed Income Securities viz. G-sec, T-bills, Corporate Bonds CP, CD etc. He has earlier worked with PNB GILTS LTD. as a WDM Dealer for the period 2007-2011

Disclaimer

DISCLAIMER: This presentation has been prepared and issued on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this document is for general purposes only and not a complete disclosure of every material fact and terms and conditions and features of Motilal Oswal MOSt Focused 25 Fund. The information / data herein alone is not sufficient and shouldn't be used for the development or implementation of an investment strategy. It should not be construed as investment advice to any party. All opinions, figures, charts/graphs, estimates and data included in this presentation are as on date and are subject to change without notice. While utmost care has been exercised while preparing this document, Motilal Oswal Asset Management Company Limited does not warrant the completeness or accuracy of the information and disclaims all liabilities, losses and damages arising out of the use of this information. The statements contained herein may include statements of future expectations and other forward-looking statements that are based on our current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Readers shall be fully responsible/liable for any decision taken on the basis of this presentation. No part of this document may be duplicated in whole or in part in any form and/or redistributed without prior written consent of the Motilal Oswal Mutual Fund/Motilal Oswal Asset Management Company Limited. Readers should before investing in the Scheme make their own investigation and seek appropriate professional advice. Past performance of the Sponsor / AMC / Mutual Fund and its affiliates does not indicate the future performance of the scheme and may not provide a basis of comparison with other investments. Please Read Scheme Information Document (SID) and Statement of Additional Information (SAI) carefully before investing.

Statutory Details: Constitution: Motilal Oswal Mutual Fund has been set up as a trust under the Indian Trust Act, 1882. Trustee: Motilal Oswal Trustee Company Ltd. Investment Manager: Motilal Oswal Asset Management Company Ltd. Sponsor: Motilal Oswal Securities Ltd.

Past performance of the Sponsor/ AMC/ Mutual Fund and its affiliates does not indicate the future performance of the scheme and may not provide a basis of comparison with other investments.

Mutual fund investments are subject to market risks, read all scheme related documents carefully.

Call: 022 39804238E-mail: moamc.customercare@motilaloswal.com

Website: www.motilaloswalmf.com